Commodity prices are set to rise 23% in 2026 as global shocks mount, according to the World Bank Group’s latest Commodity Markets Outlook, released on Wednesday.
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Oil prices declined on Thursday, reversing some of the previous session’s gains, as renewed diplomatic efforts to end the conflict involving Iran tempered concerns over potential supply disruptions amid continuing Houthi attacks in the region.
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Oman's Public Authority for Special Economic Zones and Free Zones (Madayn) has signed 28 investment agreements worth more than RO304 million ($790 million) to establish new projects and expand existing operations across its special economic zones, free zones and industrial cities, said a top official.
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Mace Consult, a leading global delivery consultancy, has been appointed as the procurement advisory consultant for Saudi Arabia's most ambitious event - Expo 2030 Riyadh. Under this deal, Mace will be supporting the effective management and delivery of procurement activities across the programme.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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AHS Properties is set to launch AHS Twin Towers, its new $1.3 billion commercial development on Dubai's Sheikh Zayed Road.
Moon World Resorts (MWR) has appointed Smith + Andersen, one of Canada’s largest integrated engineering firms, to provide mechanical, electrical and integrated systems engineering plus sustainable design consulting through its Footprint practice, for all its MOON Smart City masterplans.
Bahrain is set to welcome an exclusive gathering of ministerial and senior government officials, visionary chief executives, and influential voices for the fourth edition of Gateway Gulf, taking place on November 1 and 2 at the Four Seasons Hotel, Bahrain Bay.
ADIB, a leading UAE-based bank, maintained strong and sustainable growth momentum in the first nine months of 2026, with profit before tax increasing 6% year-on-year to AED6.4 billion ($1.74 billion).
EDGE has completed the acquisition of a controlling stake in CMD, a leading Italian company specialised in the design, prototyping and development of advanced propulsion systems for automotive, marine and aeronautical applications.
High-level meeting in Tehran ends with agreement to continue dialogue on regional peace and security, even as Houthi attacks on Saudi Arabia intensify and Egypt signals readiness to support the kingdom's defence.
Dubai Chambers has launched “Chamber AI Hub”, the world’s first chamber-led Agentic AI marketplace, enabling companies operating in Dubai to access ready-to-use, specialised Agentic AI solutions that can perform a wide range of administrative and operational tasks.
ADNOC has introduced a new approach to its In-Country Value (ICV) Programme, focusing on accelerating supplier and manufacturer registration and qualification procedures, said a senior official.
The Saudi Energy Company has announced an adjustment to the electricity tariff, in accordance with the governance procedures for adjusting energy and water products prices.
Dubai’s Roads and Transport Authority, in collaboration with Dubai Holding Community Management, has started work on two new pedestrian bridges on Palm Jumeirah. It forms part of Dubai Holding's wider partnership with RTA to upgrade road networks and infrastructure across its communities and destinations.
Enowa, the energy, water and hydrogen subsidiary of mega Saudi futuristic city NEOM, said it has completed the energisation of the Primary Substation South-B (PSS-B), thus marking another major step in expanding Oxagon’s advanced power infrastructure. This comes following the successful operation of BSP South earlier this year.
Preferred Hotels & Resorts, the world’s largest independent hotel brand, has announced the addition of 28 new members to its global portfolio between July 1 and September 30, 2026.
Enowa, the energy, water and hydrogen subsidiary of mega Saudi futuristic city NEOM, said it has completed the energisation of the Primary Substation South-B (PSS-B), thus marking another major step in expanding Oxagon’s advanced power infrastructure. This comes following the successful operation of BSP South earlier this year.
Schneider Electric, a global energy technology leader, has released new research showing that three quarters (76%) of Middle East energy leaders say their organisation increased investment in autonomous technology over the past 12 months.
Apollo Global Management's strategic investment in Mubadala Capital marks another milestone in the UAE's emergence as a major global centre for alternative investments.
Qiddiya Investment Company, a subsidiary of Saudi Arabia's sovereign wealth fund PIF, has named its 18-hole championship golf course within its Qiddiya City development as the National Golf Club and appointed Golf Saudi to operate the facility under a five-year management agreement.
The Water Sector Steering Committee has convened a strategic workshop to establish priorities for 2027 and assess long-term targets through 2035.
The General Administration of Abu Dhabi Customs ranked eighth in the large category of the Best Workplaces in the Middle East 2026 list, published by Great Place To Work, the global authority on workplace culture.
Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has announced that it has awarded a three-year contract to DAAM Facilities Management Company to provide integrated FM services for one of its key retail destinations - Westfield Jeddah - located in the port city of Jeddah.
Binghatti Capital Limited, an investment management firm in Dubai, has announced that one of its key funds has achieved a net internal rate of return (IRR) of 194% and a net multiple on invested capital (MOIC) of 2.3x for external limited partners.
Remat Al-Riyadh Development Company, the development arm of Riyadh Municipality, has signed a contract with International Modern Industries Company for the development and operation of the first phase of an alternative mobility network spanning about 22 km in the Saudi capital.
Mace Consult, a leading global delivery consultancy, has been appointed as the procurement advisory consultant for Saudi Arabia's most ambitious event - Expo 2030 Riyadh. Under this deal, Mace will be supporting the effective management and delivery of procurement activities across the programme.
The Water Sector Steering Committee has convened a strategic workshop to establish priorities for 2027 and assess long-term targets through 2035.
